Tilray Vs. Canopy Growth: Which Cannabis Stock Is The Better Buy?


  • Tilray and Canopy Growth recently released earnings that highlighted the continued headwinds faced by legal Cannabis operators in Canada.
  • Both companies realized declines in revenues from their year-ago figures, with Canadian black market cannabis sales now accounting for 40 cents of every $1 spent on cannabis.
  • Positive returns this year will be driven by a recovery of long-beleaguered positive animal spirits, with the US being the longer-term prize.

Number 2023 year glowing neon on a background of marijuana leaves, dark background

IRA_EVVA/iStock via Getty Images

Tilray (NASDAQ:TLRY) and Canopy Growth (NASDAQ:CGC) both represent two sides of the great cannabis dream. Both went public in 2018, some months before the legalization of recreational cannabis sales in Canada. Now nearly five years later, both

Tilray vs Canopy Growth PS ratio
Data by YCharts

Tilray vs Canopy Growth Gross profit margin
Data by YCharts

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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